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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Scientist who wrote (6836)	8/26/1999 1:14:00 AM
From: Maurice Winn	Respond to of 29987

ICO would be crazy to add to the billions and billions and 10s of billions of unsold minutes going to waste in space. They should consult a world class economist who has read some books on supply and demand. What they will learn is that if there is a big surplus of supply, prices will fall until the market is 'cleared', which is jargon for the waste stops and the minutes are sold. Supply and demand is a modern concept used in market economies and this is admittedly a challenging concept to grasp. Military, government and central planners who are used to control will have much trouble understanding what it means. Even Harvard trained market segmentation experts have trouble with the concept of letting customers decide pricing. Check out Schwabb the broker for self-cannibalisation. They took the amazing step of starting a Web trading business in competition with their own business which would only serve to cut prices. Now such an amazing concept is discussed in Fortune and the like as being a near genius stroke of brilliance. Duh! Globalstar could create a similar tsunami in international business by selling minutes for what the market will bear. Since there is a huge surplus of minutes RIGHT NOW, ICO would seem to be a bit loopy to compete when they have no substantial competitive advantage and several competitive disadvantages. This whole LEO, satphone business is turning into a huge laughable shambles of governments, central planners, military maniacs, politicians, defence industry big business, aerospace, and others who are not used to earning a living from those sweaty, belligerent, disputatious, self-interested things called customers who want good quality cheap. Those satphone people have lived decades in the world of making money from tax allocation, spectrum privileged monopolies or duopolies or outright government departments, regulation and all that junk. It's messy out here in the street. Maurice